Home / Comment

Testing year for Asian economies

By Li Xiangyang | China Daily | Updated: 2013-01-15 07:53

Testing year for Asian economies

The growth rate of emerging Asian economies is expected to increase in 2013. But inflation and gloomy external conditions still pose a challenge for the macroeconomic policies of many of these economies. In the medium term, their growth rate will be higher than other regions but lower than it was before the global financial crisis. This squarely puts the focus on economic reform and restructuring.

Though Asia's economy is likely to bottom out this year, it will find it difficult to overcome the problems created by the sovereign debt crisis in Western countries. Besides, emerging Asian economies face several source risks.

First, they cannot avoid the impact of the slow growth and weak demand of developed economies, which will take a long time to emerge out of the sovereign debt crisis despite deleveraging.

Testing year for Asian economies

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349